Transaction in Own Shares

RNS Number : 7084A

Informa PLC

27 September 2022

 

Informa PLC Press Release

27 September 2022

Informa Share Buyback Programme

Update on GAP II shareholder returns

Informa (LSE: INF.L), the international Academic Markets, B2B Markets and Digital Services Group today provided an update on its Share Buyback Programme that forms part of the 2021-2024 Growth Acceleration Plan II ('GAP II').

Share Buyback Programme

GAP II is Informa's four-year programme to create a more focused, higher growth business. This includes accelerated investment in its two businesses with scale leadership positions, B2B Markets and Academic Markets, and the divestment of its Informa Intelligence portfolio of businesses.

GAP II also includes a commitment to accelerate shareholder returns, sharing some of the divestment proceeds with shareholders, alongside increased investment into the Group's two leadership businesses. This led to the resumption of ordinary dividends and the commencement of a Share Buyback Programme. Following the completion of the divestment of the Informa Intelligence Division, Informa expanded this Share Buyback Programme up to £725m.

As part of this Share Buyback, on 26 September 2022, the Company purchased 115,556 ordinary shares for cancellation through Morgan Stanley & Co. International plc at an average price of 528.03 pence per share.

The highest and lowest purchase price paid per share were 533.20 and 521.80 respectively, with the aggregate details of shares purchased by trading venue as outlined in the table below:

Trading venue	Weighted average price paid per share (GBp)	Aggregate number of shares purchased	Lowest price paid per share (GBp)	Highest price paid per share (GBp)
London Stock Exchange	527.84	48,333	523.80	531.60
Chi-X (CXE)	528.02	46,300	521.80	533.20
BATS (BXE)	528.63	17,561	523.80	533.00
AQUIS (AQXE)	527.55	3,362	525.60	530.00

Following settlement of the above purchases and cancellation of the purchased ordinary shares, the Company's total number of ordinary shares in issue, and its total voting rights, will be 1,436,964,357 ordinary shares.  The Company does not hold any shares in Treasury.

In accordance with Article 5(1)(b) of the Market Abuse Regulation, a full breakdown of the individual trades made as part of the buyback programme is detailed in the attachment.

http://www.rns-pdf.londonstockexchange.com/rns/7084A_1-2022-9-26.pdf

Enquiries
Richard Menzies-Gow, Director of IR & Communications	[phone]
Heledd Hanscomb, Deputy Company Secretary	[phone]

 

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